EURUSD - After setting a fresh RSI extreme through recent trade and flirting with the 50 percent retracement of the 1.1600-1.6000 move, the EURUSD finally rallied off of its recent lows. A hammer formation on yesterday’s candle suggests that this may be the start of a larger reversal—especially as recent EURUSD COT data shows that forex positioning reached an extreme through recent trade. Short-term targets to the topside now become previous spike-highs at 1.4180.